Mutual Non Disclosure Non Compete Agreement

Mutual Non Disclosure Non Compete Agreement Template for United States

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Key Requirements PROMPT example:

"I need a Mutual Non-Disclosure Non-Compete Agreement for a potential joint venture between my tech startup and a larger software company, specifically protecting our AI algorithms and preventing either party from competing in the machine learning space for 18 months after discussions end."

Document background

The Mutual Non-Disclosure Non-Compete Agreement is essential when parties need to share sensitive information while protecting against both disclosure and competitive threats. This document is particularly relevant in business negotiations, potential partnerships, or employment relationships where confidential information exchange occurs alongside competitive concerns. Under U.S. law, these agreements must carefully balance protection needs with state-specific restrictions, especially regarding the scope and duration of non-compete provisions. The agreement should include clear definitions of confidential information, reasonable geographic and temporal limitations, and specific provisions for enforcement.

Suggested Sections

1. Parties: Identification of all parties entering into the agreement

2. Background: Context and purpose of the agreement, including the nature of the business relationship

3. Definitions: Key terms used throughout the agreement including 'Confidential Information', 'Trade Secrets', 'Competitive Activities'

4. Confidentiality Obligations: Core confidentiality provisions, permitted uses of confidential information, and security measures

5. Non-Compete Provisions: Scope, duration, and geographic limitations of non-compete restrictions

6. Term and Termination: Duration of the agreement and conditions for termination

7. Return of Information: Requirements for returning or destroying confidential information upon termination

8. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

Optional Sections

1. Non-Solicitation: Additional provisions restricting solicitation of employees, customers, or suppliers

2. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property disclosed during the relationship

3. Security Measures: Specific technical and organizational measures required for protecting confidential information

4. Dispute Resolution: Alternative dispute resolution procedures such as mediation or arbitration

Suggested Schedules

1. Schedule A - Confidential Information: Detailed list of specific confidential information covered by the agreement

2. Schedule B - Excluded Information: List of information explicitly excluded from confidentiality obligations

3. Schedule C - Geographic Restrictions: Detailed description of geographic limitations for non-compete provisions

4. Schedule D - Authorized Representatives: List of individuals authorized to receive and handle confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Confidential Information

Disclosing Party

Restricted Period

Effective Date

Intellectual Property Rights

Proprietary Information

Term
Termination Date

Clauses

Relevant Industries

Technology
Financial Services
Healthcare
Manufacturing
Professional Services

Relevant Teams

Legal
Human Resources
Research & Development
Business Development
Executive Leadership

Relevant Roles

Chief Executive Officer
Chief Technology Officer
Senior Developer
Sales Director
Product Manager

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Mutual Non Disclosure Non Compete Agreement Template for United States

Let's create your Mutual Non Disclosure Non Compete Agreement